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Simple English definitions for legal terms

mutual-fund wrap account

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A quick definition of mutual-fund wrap account:

A mutual-fund wrap account is an investment account where an investor's money is only put into mutual funds. The investor pays a fee based on a percentage of the total assets to be managed. The investor does not choose the investments or give instructions to buy or sell. It is a way for investors to have their money managed by professionals.

A more thorough explanation:

Definition: An investment account that allocates an investor's assets only among mutual funds rather than stocks or other investments.

Example: An investor opens a mutual-fund wrap account with a brokerage firm. The investor selects a portfolio of mutual funds, and the brokerage firm charges a fee based on a percentage of the total assets to be managed. The investor does not select individual stocks or give instructions to buy or sell.

Explanation: A mutual-fund wrap account is a type of investment account that allows an investor to allocate their assets among mutual funds. The investor pays a fee to a brokerage firm, which selects a portfolio of mutual funds based on the investor's risk profile. The investor does not select individual stocks or give instructions to buy or sell. The brokerage firm charges a fee based on a percentage of the total assets to be managed. This type of account is popular among investors who want to diversify their portfolio and have a professional manage their investments.

mutual demands | mutual insurance

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

Dkkm11

22:54

We were having a conversation about the role of birth control that was politically charged, you brought your own experience into it, I pointed out a possible flaw in the argument, I'm sorry you tried to use a personal example and then when I pointed out something that could be a flaw you took it personally. I even phrased it, "I wouldn't be so sure.." but nah, you know 100% the truth. Everyone should always trust everyones lived experience 100% of the time even if it contradicts other peoples so whatever.

[] baddestbunny

22:57

I can’t tell if you’re a deeply mean-spirited person or just autistic. I think it’s probably the latter but what you said was hurtful to me and I don’t want to engage further

AhsokaTano

22:57

what the heck.

[] baddestbunny

22:58

Sorry this guy implied that my recent and painful breakup was somehow justified because I take birth control and it pissed me off

[] baddestbunny

22:59

Let’s go back to talking about law school on here

Invicat

22:59

got another A. have to wait 2-4 weeks to hear on scholarships. booooo.

AhsokaTano

23:01

nah that's whack, sorry bunny

Dkkm11

23:01

I never said it was justified. I just said I wouldn't rule out the possibility that it contributed cus you said you started taking it and then after that he broke up with you. I have no idea what was sufficent to have him break up with you. I just don't know. All I know is, I can't rule that out and it's not a good example for what we were talking about.

AhsokaTano

23:01

@Invicat: this is the most "first world problems" thing ever but having two early A's and knowing $$ info doesn't come until like Feb at least is so stressfuk

AhsokaTano

23:02

stressful** but the typo works hahahaa

Invicat

23:02

it really is

AhsokaTano

23:02

but hey, congrats!! you're going to mf law school

Invicat

23:02

woo!

Dkkm11

23:04

@AhsokaTano: I said that the other day about UCLA. I was like, man cool to know but shitty there is no money yet.

AhsokaTano

23:19

yup it's brutal

AhsokaTano

23:20

makes it hard to talk to people outside of LSD/reddit bc even friends my age won't understand why an acceptance ≠ certainty, let alone my family lol

AhsokaTano

23:21

i don't wanna tell anyone besides my parent and my partner about my A's anymore in case i get no $$ and can't go somewhere... don't wanna have to explain why i "turned down" a great school.

Dkkm11

23:22

Ahh my family and friends are like, finally gunna use that G.I. bill you saved through undergrad after NOT getting into law school last year? It's brutal. I have like 20 people in my life that are just like, just get into law school already. You are 27. Everyone else you know has already graduated law school.

Dkkm11

23:23

Your situation though, completely different. I think you got a worse situation still.

AhsokaTano

23:25

oh i mean GI Bill is like the least we can do for vets. and i don't regret working first — i'll be 5 years in the workforce by the time i resign to enroll next year — but like you said it totally changes the calculus on how to handle admissions news

AhsokaTano

23:25

and again im at least self aware enough to know this is the tiniest violin of a problem, but i figure maybe LSD people understand hahaha

Dkkm11

23:26

Yeah, I think most people do. A lot of LSAT Demon people here and the Demon teaches you to never pay for law school.

AhsokaTano

23:27

i'm hard set on PI (work experience having confirmed my career goals), so I'm okay with some debt if i go to a school with LRAP. but i still gotta pay rent and buy groceries and all that jazz so it's gotta be workable.

AhsokaTano

23:28

i know everyone says not to work during law school but i did 20h/week as an undergrad so idk it'd be weird not to have a part-time gig

Dkkm11

23:28

I think it would be really nice for me to get a 15k-20k a year extra scholarship. That would kinda seal the deal on whatever school I got into.

Dkkm11

23:29

@AhsokaTano: I've seen a couple people do it. I had a lawyer who I used to work for from BU who said I could work during law school if I wanted. She said 1L aint that tough if you have been organized your whole life.

Dkkm11

23:29

She did like 32 hours a week but she was a very interesting attorney. Couldn't figure out how to connect the computer to the printer and she was like 32.

Dkkm11

23:33

Yeah, now that I think about her again. It was weird. Her husband like coded apps for fun but then like she couldnt use the printer and she was like 5'0" and he was like 6'4" and they were totally opposites of eachother but somehow they were perfect for eachother. It was so weird. She was awesome though. Probably top 3 attorneys I have worked for.

AhsokaTano

23:35

ahahahahah what that is so hard to imagine

Dkkm11

23:38

Yeah, good times. Sad they are over.

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